FEATURES AND BENEFITS OF GRANT MANAGEMENT IN SALESFORCE NPSP
Indian philanthropy in figures:
2010 – INR 12.5 thousand crores 2018 – INR 55 thousand crore
1% of funds received by gender equality cause, while over 33% of the funds are received in the education sector. Time for all of us to act to make a difference in the world.
Grants are defined as non-repayable funds or products disbursed or given by a grant provider like a government department, business, foundation or trust, to a recipient such as an NGO, educational institution, or even a person. Grants are much sought after as they enable recipients to carry or enhance the work they do. A hospital could build a new wing, a NGO could create more outreach centers, and a trust could give more scholarships to needy students. These are all examples of grants and how they are utilised. With the critical aspect of Grant Management in Salesforce NPSP, improve the grant receiving process.
The features & benefits of the Grant Management in Salesforce NPSP are:
The grant giving institution can customise the grant applications using the existing templates within the tool. Plus, it also enables custom invitations to be sent out for eligible candidates for each grant. The details of applications received are stored thus enabling the staff to view details, collaborate, act or report.
Upgrade the experience of the grantees (the ones who received the grants from the makers). Salesforce for NGO tool gives access to grantees to submit reports, see timelines for disbursal of the monies, and action needed on their part to ensure the grants come on time (based on the requirement of the grant makers). All this enables the grantees to spend little time on administrative element of the grant receiving part and devote more time to their good work.
Grant makers can opt from pre-configured templates that vary as per program, grant size, budget, and more. Past verification checks are stored to enable the grant makers to check each grantee or potential grantee’s antecedents & history with them to decide their eligibility or not. Thus, diligence becomes easier instead of being confined to physical records or stuck in some hard disk or pen drive.
The staff of the grant maker can use the data to simplify their report making process for their management. They can customise existing report templates and get valuable insights into their entire grant lifecycle.